New Jersey Statutes Appendix - Former Title 3A Administration of Estates Decedents and Others 3A § 34-1

When any future or contingent interest in real estate or in the proceeds which may arise on its sale is wholly or in part, limited over to infants, mental incompetents or persons not in being, or in such a manner that the vesting or duration of such interest may be contingent, the superior court in an action brought, in a summary manner or otherwise, by a life tenant or any other person having a vested interest therein, may if satisfied that the situation and prospective value of such real estate are such that it would be for the benefit of the owners of the particular and future interests and to the interest of any person who might own the same in fee to sell the same, direct a sale thereof in fee.